Aryzta released its FY update. Revenue stood at €3.82bn (in line with consensus) up by 12.6% for continuing business, down by 20.6% on reported figures due to the deconsolidation of Origin Enterprises. The OG from continuing operations stood at -2.2%, acquisitions & disposals were at +7.1% (Cloverhill and Pineridge in North America) whereas FX added +7.7% to revenues. OG by region: Food Europe 1%, Food North America -6.2%, Food ROW 3.3%. On a quarterly basis, the OG in Q4 was negativ ....